GM Delighted with Auto Industry Loan
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Following the White House administration’s announcement issued on Friday that US automakers will receive a $17.4 billion low-interest loan, General Motors Corporation is absolutely delighted w...
Republicans Propose Alternative Rescue Plan to Detroit 3
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Following the recent announcement that the United States Senate have put the Detroit 3 loan package on hold, members of the Senate already started looking for alternative solutions that could help d...
GM Gets Ready for Bankruptcy
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Although US car manufacturers struggle to get through the economic crisis, General Motors acknowledges that things can get even worse and hired a special bankruptcy counsel and restructuring adviser...
Former Massachusetts Governor: Detroit Should Go Bankrupt!
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / While companies around the world struggle to face the global recession and Detroit 3 begs for government assistance, Mitt Romney, former Massachusetts Governor comes with a shocking solution to all ...
Chevrolet Unveils GPiX Coupe Concept
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / One more rumor that proved to be true: Chevrolet has just introduced at the Sao Paulo International Auto Show the GPiX Coupe Concept, a new car model designed by the Brazilian subsidiary of General ...
Gloomy Prediction: Auto Industry Will Lose 72 bn Euros
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Morgan Stanley today published its latest forecast concerning the automotive sector, predicting that this side of the industry will lose no less than 72 billion euros in the next two years. The New ...
GM Announces Major Q1 2009 Production Cut
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / General Motors is surely the most popular car manufacturer these days, but not necessarily thanks to the fact that it owns so many brands all around the world. It all started a few months ago when t...
GM Sues Bankrupt Automotive Supplier
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / General Motors said it has filed a lawsuit against a bankrupt automotive part supplier on Christmas Eve, requesting access to a number of components that currently puts on hold production of the new...
GM, GMAC Receive Money from US Treasury
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / The United States Treasury Department today announced that it decided to pay nearly $5 billion for senior preferred equity, including an 8 percent dividend, from GMAC LLC, the financial division joi...
GM to Collapse Without Government Aid
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Although the global economic crisis has smashed sales of most carmakers, US-based General Motors is probably the most important victim, with shares reaching the lowest point in 60 years. More import...
GM Reports Low Sales in November
21 Nov 2012, 14:06 UTC · By: Alex Tudorache / General Motors delivered 154,877 vehicles in November, about 40% less than the same period last year. The sales consisted of 58,786 cars (44% less) and 96,091 trucks (39% less) because of a drop in ...
Porsche Takes Swings at U.S. Car Manufacturers
21 Nov 2012, 14:06 UTC · By: Vali Mihaescu / Ze germans are attacking. The angry German carmaker, Porsche, accused famous U.S. auto brands like General Motors and Ford for pushing the automotive industry on the brink of financial ruin. &quo...
GM, Chrysler Get First $4 Billion
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / General Motors and Chrysler received the first $4 billion in emergency loans from the United States government from a total of $17.4 billion the Bush administration approved before Christmas. The go...
GM Reconsidering Tiger Woods' Contract
21 Nov 2012, 14:06 UTC · By: Dragos Rusu / For those of you who don't know it, golf star and overall role model Tiger Woods currently makes a lot of money endorsing different products. This is the way sportsmen manage to squeeze a few e...
ANCAP Gives the Commodore Omega Sedan 5 Out of 5
21 Nov 2012, 14:06 UTC · By: Vali Mihaescu / The car from down under, the supreme ruler of the Australian outback roads, Holden was awarded by ANCAP with a 5-star safety rating for the upgraded model, the VE Commodore Omega sedan. The upgr...
Helping Detroit 3 Could Cost the US $125 Billion
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / There's no doubt that the American government should help US carmakers counteract the global recession but the bailout numbers are continuously changing, with not even a single loan package cur...
Canada Still Unsure about Auto-Loans
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Even though the United States Congress has already approved a $25 billion funding program for the local carmakers, future of several car manufacturers is still in doubt overseas as the Canadian gove...
GM Says Chrysler Merger Is Impossible
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Following rumors claiming that GM may be interested in a merger with its brother in pain Chrysler, representatives of the world's largest carmaker came out and denied all speculations, pointing...
Chevrolet: No Marketing Deals this New Year's Eve
21 Nov 2012, 14:06 UTC · By: Madalina Iancu / General Motors certainly loses no opportunity to remind of their already famous cutting down costs program. Consequently, Chevrolet is going to drop this New Year's Eve marketing deals. Sinc...
GM is Rumored to Launch Hybrid Cadillac
21 Nov 2012, 14:06 UTC · By: Vali Mihaescu / The rumor that General Motors is likely to build a Cadillac that will share Chevrolet Volt's hybrid powertrain technology is spreading. This comes as a response from GM to the rapid decli...